Tagged tax

Prague passes controversial city-wide gaming machine prohibition

September 15, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Czech Republic, Licenses, Taxation

In the Czech Republic and the city council for Prague has reportedly passed a contentious measure that is set to ban local premises from operating new electronic gaming machines including slots from the first d...

Prague considering city-wide gaming machine prohibition

Adam Morgan

September 10, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Czech Republic, Licenses, Taxation

In the Czech Republic and the city council for Prague is reportedly set to consider controversial legislation later today that would prohibit the operation of all electronic and mechanical gaming machines from ...

Macau gaming tax revenues being hit by coronavirus slowdown

Adam Morgan

September 10, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, Taxation

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2....

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

Adam Morgan

September 13, 2019

Latest Casino and Gambling News, Economy/Finance, Macau, Taxation

The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. A...

Macau records improved four-month gaming tax revenues

Adam Morgan

May 29, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected over the course of the first four months of 2019 directly from gaming operations had risen by some 4.4% year-on-year to reac...

Gaming tax revenues continue to rise in Macau

Adam Morgan

March 14, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations over the first two months of 2019 increased by almost 4.8% year-on-year to reach in excess o...

Indian lottery industry facing possible tax changes

Adam Morgan

February 23, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, India, Lottery, Taxation

In India, an official government panel has reportedly recommended that the country of over 1.32 billion people introduce a uniform goods and services tax on all lottery products regardless of whether these are ...

Macau records monthly rise in tax revenues from gaming

Adam Morgan

February 13, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations in January had increased by almost 16% year-on-year to reach in excess of $1.26 billion. ...

Macau tax revenues swell thanks to gaming resurgence

Adam Morgan

December 31, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations for the first eleven months of 2018 rose by some 14.1% year-on-year to reach almost $12.13 b...

Macau predicts 2019 gaming tax revenues to top $11 billion

Adam Morgan

November 22, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, government officials have reportedly announced that they expect to collect some $11.28 billion in direct taxes from gaming next year in order to take the city’s fiscal surplus for the twelve-month per...

Macau profits from gaming taxes to the tune of $8.54 billion

Adam Morgan

October 25, 2017

Latest Casino and Gambling News, Economy/Finance, Macau, Taxation

In Macau, the government has reportedly revealed that direct taxes from gaming for the first nine months of 2017 rose by 17.5% year-on-year to hit $8.54 billion and account for some 80.9% of all state revenues....

OPAP plans to fight Greece’s new tax law; doesn’t mind keeping the online gaming monopoly

Alex Lanter

November 23, 2015

Latest Casino and Gambling News, European Casino News, Taxation, Greece

Greece plans to raise an additional €300 million to €400 million in annual tax revenue by imposing a new five Euro-cent tax on OPAP’s sports betting and lottery products. However, OPAP is far from happy with th...

Bangor assessor denies casino $36M property tax reduction

Sadonna Price

May 8, 2015

Latest Casino and Gambling News, Financial Press Releases, Maine

The Hollywood Casino of Maine has been denied a request to have a reduction to their property tax assessment, claiming their three casino properties are not worth what the City Assessor Phil Drew has determined...

Sri Lanka threatens tax hikes for Crown Casino

November 18, 2014

Latest Casino and Gambling News, World Casino News, Online gambling regulation

Australian Gambling - James Packer’s bid to open a luxury casino resort in Sri lanka faces a new set of challenges, following threats from the country’s president that new gaming taxes will be introduced should...

New online betting tax coming to Ireland

October 16, 2014

Latest Casino and Gambling News, World Casino News, Online gambling regulation, European Casino News, Online Gambling News

iGaming Business - A new online betting tax that has been introduced in the Republic of Ireland is set to raise an additional €25 million ($31.6 million) per year for the country. According to the Irish Exam...